Contractor Accounting

Taking the worry away

As a freelancer or contractor, you have to make your own arrangements for trading and are responsible for your own tax affairs – something few contractors and freelancers have expertise in. Your actual tax liability is determined by the IR35 status of the individual contracts awarded so you should initially ensure that you have your contract reviewed for IR35 purposes. The following organisations will be able to help with contract reviews:

Despite recent guidance, it is not always clear if a specific contract falls in or outside of IR35, and all the uncertainty and worry falls on the individual contractor. As an accredited accountant with the IPSE, we undertake regular training to help you make an informed decision on your IR35 status and can recommend experts who can review and give a prompt and expert opinion.

Fixed pricing and the latest software

If you are a professional contractor or freelancer with one end client, C&M Services offers a fixed monthly price from £85 ex VAT for complete support with your accounts and tax requirements, and you can access us with all your accounting queries and questions. This package particularly suits contractors using online software, and we are able to offer Kashflow (existing users click here), FreeAgent, Xero and QuickBooks online accounting software at a reduced price. All contractor clients of C&M Services also benefit from reduced subscription fees to IPSE.

In the words of one of our contractor clients:

“C & M Services look after all of my accounting needs including year-end accounts, VAT returns and PAYE. I have found the level of service to be outstanding, with timely reminders and helpful advice to help things running smoothly with prompt responses to any queries.”